D-FW’s record home market has momentum heading into 2021
Economists expect current housing boom to continue in the new year.
Low mortgage rates, demographics and the pandemic all have a role in North Texas' record home sales.(Steve Brown)
Along with the rush of seasonal gift shopping, this December has seen a buying binge of homes.
Housing activity usually wanes during the holidays as folks spend more time baking turkey and hanging mistletoe instead of house hunting.
But with record low mortgage rates and an unabated appetite for homes, property buying has boomed in the final months of 2020.
North Texas home sales were up by more than 20% year-over-year in both October and November, and December is on track for another month of double-digit percentage home buying gains.